A Barrel Full

Italian oil giant ENI has signed a new deal to increase its activities in Kazakstan.
Under the agreement, Eni and KazMunayGas will jointly study the Isatay and Shagala exploration areas located in the Caspian Sea. 
Other reports are talking of $50 billion investments. Whether or not that happens, there is no doubt it is a big deal for […]

Yesterday, a small piece of news added to the feeling that all roads lead East.
China secured access to vast oil deposits in western Kazakhstan on Wednesday after the energy-rich Central Asian nation said it had completed the expansion of a major oil pipeline to its eastern neighbour.  
Now Kazakistan has a steady customer and China […]

Lukoil is to buy out BP’s share in a joint venture.
Russian oil major LUKOIL  may pay more than $1.5 billion to buy out BP’s share in venture LukArco.
The main asset of the company is a share of the Caspian Pipeline Consortium project.
The pipeline is described thus:
The CPC crude pipeline system is the largest operating investment project with foreign […]